A new strain of bird flu in China is sabotaging Yum's efforts to rebuild trust with KFC customers following an earlier controversy over its chicken supply. Yum Brands Inc., which owns KFC, Pizza Hut and Taco Bell, on Tuesday reported a steep decline in its net income as sales in China took a big hit. But the results weren't as bad as analysts feared and its shares gained in aftermarket trading.
Hostess Brands LLC has announced plans to re-launch its bakery in Columbus, Ga. and plans to add about 300 jobs in the area over the next several years. The Georgia Department of Economic Development Tuesday announced the company plans to resume operations this summer and will produce a full assortment of iconic Hostess snack products — including Twinkies.
The National Cattleman's Beef Association has filed a petition with the U.S. Supreme Court challenging an EPA finding that greenhouse gasses are a threat to public health and welfare. The EPA has proposed a ruling to limit greenhouse gas emissions from vehicles.
Beef Products Inc. has agreed to pay a $450,000 civil penalty to settle alleged violations of Clean Air Act regulations from a 2007 incident at a now-closed Waterloo packing plant which killed a worker and injured another. In the accident more than 1,000 pounds of anhydrous ammonia was released into an area occupied by workers and two became trapped.
Rabobank has published a new report on the U.S. morning eating occasion, particularly the breakfast cereal market, examining factors that are contributing to a decline in breakfast cereal consumption, and leading consumers to turn away from the cereal bowl in favor of other breakfast options. Rabobank also explores various strategies by breakfast cereal companies to inject new growth into the category.
Heineken NV says its sales and profits rose in the first quarter, due to recent acquisitions. The Dutch brewer blamed austerity policies for weak European markets, and said growth in revenues for the full year would not be quite as strong as it hoped. It has not set any specific target.
The new "Beef. It's What's For Dinner." consumer advertising campaign is premiering this month, bringing the recognizable tagline to older millennials and Gen-Xers. The new campaign, funded by the beef checkoff, will feature sizzling beef recipes, juicy details about essential nutrients and the voice of one of Hollywood's most promising new talents.
A Texas company profited from dozens of mentally disabled men working at a turkey processing plant in rural Iowa where they were physically and verbally abused and forced to live in filthy, rodent-infested conditions, a government attorney told jurors on Tuesday.
A federal judge is siding with two California advocacy groups in ruling that the Food and Drug Administration must set a new timetable to implement delayed food safety reforms. U.S. District Judge Phyllis J. Hamilton in Oakland, Calif. handed down the decision on Monday.
An analysis of more than 33,000 cases of foodborne illness shows that ground beef and chicken have caused more hospitalizations than other meats. The report by the Center for Science in Public Interest says chicken nuggets, ham and sausage pose the lowest risk of foodborne illness.
The U.S. Equal Employment Opportunity Commission is suing Henry's Turkey Service on behalf of 32 former workers whom it housed and oversaw while they worked at West Liberty Foods. The commission is expected to seek unspecified compensatory and punitive damages against Henry's for allegedly subjecting the men to abuse that "created an atmosphere of fear and intimidation," court filings show.
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The EEOC is suing a now-defunct company that helped disabled men find work at turkey processing companies. The federal commission is alleging abuse that "created an atmosphere of fear and intimidation" by a couple who supervised the men.
Bells Brewery Inc. is seeking the Escanaba City Council's approval Thursday to buy property and build a manufacturing plant in the Upper Peninsula city. MLive.com reports that the Kalamazoo-based beer-maker on Friday offered $35,000 for 3.15 acres in the Whitetail Industrial Park.
The National Cattlemen’s Beef Association along with the Coalition for Responsible Regulation filed a petition April 18 in the United States Supreme Court challenging the Environmental Protection Agency’s finding that greenhouse gases endanger public health and welfare, its rule to limit GHG from passenger vehicles and its “timing” and “tailoring” rules that govern GHG permit applicability at stationary sources.
Starbucks reports its fiscal second-quarter results Thursday, which should give investors an indication of how international expansion and new products are affecting the coffee company's profit. The Seattle-based company, which has more than 18,000 locations around the world, reports global sales growth for cafes open at least a year, with a breakdown of the figure by region.
Companies around the world are still reluctant to go on the acquisition trail even though they are becoming more confident about the global economy, a survey found Monday. In its half-yearly assessment of the intentions of big companies, accounting and consultancy firm Ernst & Young said the growing optimism has yet to be translated into more investment or corporate deal-making.
Valley Meat Co. is a former cattle slaughterhouse whose kill floor has been redesigned for horses to be led in one at a time, secured in a huge metal chute, shot in the head, then processed into meat for shipment overseas. It's also ground zero for an emotional, national debate over a return to domestic horse slaughter that has divided horse rescue and animal humane groups, ranchers, politicians and Indian tribes.
As Hispanic buying power climbs by 50 percent to $1.5 trillion in 2015, this group will have a larger economic impact at restaurants and other foodservice locations. Restaurant operators and suppliers that understand their unique preferences will be well-positioned to capture more business from the growing Hispanic segment.
Iranians lined up to buy cooking oil and meat in Tehran on Monday, as price hikes threatened to stir discontent less than two months before presidential elections. Prices of staples such as imported cooking oil, chicken and red meat have jumped up to 60 percent since authorities decided last week to increase the official dollar exchange rate for importers who need the currency to do business.